How Employee Engagement Drives a Lasting Business
Employee turnover is costly. According to Gallup, employee turnover costs anywhere from one-half to two times an employee’s annual salary. Unlocking your employees' potential and getting them to think like owners can lead to increased productivity and a healthier business.
Employees who have a stake in the company are more motivated to help the business succeed. They go above and beyond because the company's performance directly impacts them.
To increase engagement you can establish feedback channels to uplift employee voice and create intentional ladders for career growth. Something as simple as showing appreciation and recognition of their hard work helps employees feel valued.
Another option for increasing engagement and retention? Employee ownership.
